Could Uncertainty Cause a Recession?
New research explores whether asymmetric information about corporate assets could have been the sole cause of the recent crisis.
Caution on Cocos
Research suggests that mandatory contingent convertible bonds with a market trigger may not address the problem they were designed to solve.
The Race from the Bottom
While people strive for first place, they'll also take a gamble to get out — and stay out — of last.
Will China Slow Down? Not So Fast.
After three decades of barely-checked expansion, the world is waiting for China's economy to run out of steam. Shang-Jin Wei argues that China's unique features will likely help it offset some of the slowing forces and maintain speed for the next decade.
Risk, Innovation, and Social Value
Bruce Kogut, the director of the School's Sanford C. Bernstein & Co. Center for Leadership and Ethics, discusses the center's latest perspective about making the financial sector work for Wall Street and Main Street after the financial crisis.
A Smarter, Smaller Grid
Can the principles of small modular infrastructure free us from the electrical grid — and make large-scale power failures in the aftermath of weather catastrophes like Sandy a thing of the past?
Gaming the Electoral College
A model uses game theory to predict how changes to the electoral system could shift campaign strategies and ad spending — and alter election results.
First In Trouble — and Last Out
Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it?